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Shoppes of Augusta254 Robert C Daniel Pkwy
Augusta, GA
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INVESTMENT HIGHLIGHTS:• Shoppes of Augusta is a 21,000 square foot shadow center located within Augusta Exchange. Augusta
Exchange is a 1,000,0000 sf Target anchored power center, the largest concentration of retail in the AugustaMSA
• Shoppes of Augusta has a solid e-commerce proof tenant lineup highlighted by Panera Bread, Mattress Firmand Verizon
• The asset has historically strong National Tenant occupancy.• Majority of the tenants have below market rents within Augusta Exchange• National Tenants comprise 65% of the GLA and 72% of the Total Income• Recent renewals by Panera Bread, Mattress Firm and Verizon solidify the long-term stability of the asset for
years to come.• 89% of the Center has four years or more of term remaining.• Panera Bread and Verizon have been anchor Tenants in the center since it was originally developed• The 1,000,000 sf located within Augusta Exchange is over 95% occupied• Shoppes of Augusta’s rents, including the national Tenants, are below market relative to recent deals
executed at Augusta Exchange• There is debt in place that can be defeased
LOCATION HIGHLIGHTS:Shoppes of Augusta is located in Augusta, GA. Augusta, GA is a vibrant market thriving on the backs of tech,nuclear science, advantage manufacturing, military, higher education and healthcare. Augusta is strategicallylocated at the epicenter of Atlanta, Columbia, Charlotte, and Jacksonville.
Property Summary
Address 254 Robert C Daniel Jr Pkwy, Augusta, GA
APN 023-0-018-08-0
Gross Leasable Area 21,000 SF
Land Area 1.43 acres
Year Built 2003
Offering Summary
Price $9,100,000
Cap Rate 7.00%
NOI $638,000
Occupancy 100%
Anchor Tenants Panera Bread, Mattress Firm, Verizon
Co-Tenants Benchmark Physical Therapy, Total Nutrition, Nail Spa
% National Tenants 65%
% Gross Income from National Tenants
72%
Weighted Avg Rents $30.72 psf
Summary of National Tenants
Tenant Size Expiration Renewal Opts
Panera Bread 4,600 SF 4/30/2026 1, 5 Year
Verizon 4,500 SF 1/31/2023 2, 5 Year
Mattress Firm 4,640 SF 11/30/2026 2, 5 Year
Square Footage
21,000
3 Mile Pop
59,972NOI
$638,000
Asking Price
$9,100,000
Shoppes of Augusta
Shoppes of Augusta Video
2Shoppes of Augusta
3Shoppes of Augusta
4Shoppes of Augusta
Nail Spa
SUITE TENANT SQ. FT.
0 Knight Outdoors 0
1 Panera Bread 4,600 SF
2 Nail Spa 3,500 SF
3 Pro Rehabilitation Partners 1,500 SF
4 Mattress Firm 4,640 SF
4B Total Nutrition 2,260 SF
5 Verizon Wireless 4,500 SF
TOTAL 21,000 SF
Robert C Daniel Jr Pkwy
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thepalomargroup.com
706-407-4443
206 Pitcarin Way Suite A
Augusta, GA 30909
Contact Us Ryan McArdle
706-631-8897
David Rivers
706-840-0055
Steve Collins
706-564-8556
Shoppes of Augusta